New Delhi, October 31, 2026 (Yes Punjab News)
The Centre on Saturday released an additional tax devolution instalment of Rs 1,09,019 crore to state governments, over and above the regular monthly transfers, to help them meet festive-season expenditure and accelerate development activities.
According to a Finance Ministry statement, the additional funds are intended to enable states to step up capital spending and finance development and welfare-related expenditure ahead of the festive season.
This is the second additional tax devolution instalment released during the current financial year.
Among the major beneficiaries, Uttar Pradesh received Rs 19,208 crore, followed by Bihar with Rs 10,845 crore and Madhya Pradesh with Rs 8,010 crore. West Bengal was allocated Rs 7,866 crore, Maharashtra Rs 7,022 crore and Rajasthan Rs 6,460 crore, among other states.
In August, the Centre had released an additional Rs 1,09,019 crore to states over and above the normal monthly devolution. The government had said the move was aimed at strengthening state finances and supporting capital and developmental expenditure.
Meanwhile, official figures showed that India’s fiscal deficit during the first six months of the current financial year, from April to September, stood at Rs 7.14 lakh crore, or 42.1 per cent of the full-year Budget Estimate.
The Centre has projected a fiscal deficit of Rs 16.96 lakh crore for 2026-27.
Revenue receipts during the April-September period stood at Rs 17.57 lakh crore, accounting for 49.7 per cent of the Budget Estimate. Net tax revenue amounted to Rs 12.76 lakh crore, while non-tax revenue stood at Rs 4.81 lakh crore.
Net tax revenue reached 44.5 per cent of the full-year estimate, compared with 43.3 per cent during the corresponding period last year.
Non-tax revenue increased to approximately Rs 4.8 lakh crore from Rs 4.7 lakh crore in the same period a year earlier.
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